Investment Securities (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Investment Securities |
|
| Unrealized Gain (Loss) on Investments |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Allowance for Credit Losses | | Estimated Fair Value | December 31, 2025 | | | | | | | | | | | | | | | | Available for Sale: | | | | | | | | | | | | | | | | U.S. government agencies | | $ | 2,000 | | $ | — | | $ | 596 | | $ | — | | $ | 1,404 | Residential mortgage-backed agencies | | | 25,891 | | | 40 | | | 3,076 | | | — | | | 22,855 | Commercial mortgage-backed agencies | | | 37,805 | | | 1 | | | 7,738 | | | — | | | 30,068 | Collateralized mortgage obligations | | | 29,795 | | | 40 | | | 2,445 | | | — | | | 27,390 | Obligations of states and political subdivisions | | | 8,557 | | | 35 | | | 67 | | | — | | | 8,525 | Corporate bonds | | | 1,000 | | | — | | | 93 | | | — | | | 907 | Collateralized debt obligations | | | 18,802 | | | — | | | 2,807 | | | — | | | 15,995 | Total available for sale | | $ | 123,850 | | $ | 116 | | $ | 16,822 | | $ | — | | $ | 107,144 | | | | | | | | | | | | | | | | | (in thousands) | | Amortized
Cost | | Gross
Unrecognized
Gains | | Gross
Unrecognized
Losses | | Estimated Fair Value | | Allowance for Credit Losses | December 31, 2025 | | | | | | | | | | | | | | | | Held to Maturity: | | | | | | | | | | | | | | | | U.S. government agencies | | $ | 68,595 | | $ | — | | $ | 7,721 | | $ | 60,874 | | $ | — | Residential mortgage-backed agencies | | | 32,084 | | | 138 | | | 2,474 | | | 29,748 | | | — | Commercial mortgage-backed agencies | | | 20,947 | | | — | | | 5,180 | | | 15,767 | | | — | Collateralized mortgage obligations | | | 45,447 | | | — | | | 7,056 | | | 38,391 | | | — | Obligations of states and political subdivisions | | | 4,390 | | | 206 | | | 487 | | | 4,109 | | | 102 | Total held to maturity | | $ | 171,463 | | $ | 344 | | $ | 22,918 | | $ | 148,889 | | $ | 102 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Allowance for Credit Losses | | Estimated Fair Value | December 31, 2024 | | | | | | | | | | | | | | | | Available for Sale: | | | | | | | | | | | | | | | | U.S. government agencies | | $ | 7,000 | | $ | — | | $ | 885 | | $ | — | | $ | 6,115 | Residential mortgage-backed agencies | | | 24,621 | | | — | | | 4,425 | | | — | | | 20,196 | Commercial mortgage-backed agencies | | | 37,205 | | | — | | | 8,571 | | | — | | | 28,634 | Collateralized mortgage obligations | | | 21,069 | | | — | | | 3,343 | | | — | | | 17,726 | Obligations of states and political subdivisions | | | 6,533 | | | — | | | 324 | | | — | | | 6,209 | Corporate bonds | | | 1,000 | | | — | | | 104 | | | — | | | 896 | Collateralized debt obligations | | | 18,686 | | | — | | | 3,968 | | | — | | | 14,718 | Total available for sale | | $ | 116,114 | | $ | — | | $ | 21,620 | | $ | — | | $ | 94,494 | | | | | | | | | | | | | | | | | (in thousands) | | Amortized
Cost | | Gross
Unrecognized
Gains | | Gross
Unrecognized
Losses | | Estimated Fair Value | | Allowance for Credit Losses | December 31, 2024 | | | | | | | | | | | | | | | | Held to Maturity: | | | | | | | | | | | | | | | | U.S. government agencies | | $ | 68,301 | | $ | — | | $ | 11,192 | | $ | 57,109 | | $ | — | Residential mortgage-backed agencies | | | 32,171 | | | 1 | | | 3,561 | | | 28,611 | | | — | Commercial mortgage-backed agencies | | | 21,134 | | | — | | | 5,794 | | | 15,340 | | | — | Collateralized mortgage obligations | | | 49,439 | | | — | | | 9,724 | | | 39,715 | | | — | Obligations of states and political subdivisions | | | 4,511 | | | 177 | | | 703 | | | 3,985 | | | 59 | Total held to maturity | | $ | 175,556 | | $ | 178 | | $ | 30,974 | | $ | 144,760 | | $ | 59 |
|
| Realized Gains and Losses of Available for Sale |
| | | | | | | | | | | | | | (in thousands) | | 2025 | | 2024 | Proceeds | | $ | 8,965 | | $ | — | Gross realized gains | | | 203 | | | — | Gross realized losses | | | (106) | | | — |
|
| Gross Unrealized and Unrecognized Losses and Fair Values of Securities |
| | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | (in thousands) | | Fair
Value | | Unrealized
Losses | | Number of
Investments | | Fair
Value | | Unrealized
Losses | | Number of
Investments | December 31, 2025 | | | | | | | | | | | | | | | | | Available for Sale: | | | | | | | | | | | | | | | | | U.S. government agencies | | $ | — | | $ | — | | — | | $ | 1,404 | | $ | 596 | | 1 | Residential mortgage-backed agencies | | | — | | | — | | — | | | 17,405 | | | 3,076 | | 3 | Commercial mortgage-backed agencies | | | — | | | — | | — | | | 28,623 | | | 7,738 | | 9 | Collateralized mortgage obligations | | | 8,811 | | | 100 | | 1 | | | 14,160 | | | 2,345 | | 9 | Obligations of states and political subdivisions | | | — | | | — | | — | | | 3,332 | | | 67 | | 2 | Corporate Bonds | | | — | | | — | | — | | | 907 | | | 93 | | 1 | Collateralized debt obligations | | | — | | | — | | — | | | 15,995 | | | 2,807 | | 9 | Total available for sale | | $ | 8,811 | | $ | 100 | | 1 | | $ | 81,826 | | $ | 16,722 | | 34 | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | (in thousands) | | Fair
Value | | Unrecognized
Losses | | Number of
Investments | | Fair
Value | | Unrecognized
Losses | | Number of
Investments | December 31, 2025 | | | | | | | | | | | | | | | | | Held to Maturity: | | | | | | | | | | | | | | | | | U.S. government agencies | | $ | — | | $ | — | | — | | $ | 60,874 | | $ | 7,721 | | 9 | Residential mortgage-backed agencies | | | — | | | — | | — | | | 19,434 | | | 2,474 | | 35 | Commercial mortgage-backed agencies | | | — | | | — | | — | | | 15,767 | | | 5,180 | | 2 | Collateralized mortgage obligations | | | — | | | — | | — | | | 38,391 | | | 7,056 | | 8 | Obligations of states and political subdivisions | | | — | | | — | | — | | | 2,364 | | | 487 | | 1 | Total held to maturity | | $ | — | | $ | — | | — | | $ | 136,830 | | $ | 22,918 | | 55 |
| | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | (in thousands) | | Fair
Value | | Unrealized
Losses | | Number of
Investments | | Fair
Value | | Unrealized
Losses | | Number of
Investments | December 31, 2024 | | | | | | | | | | | | | | | | | Available for Sale: | | | | | | | | | | | | | | | | | U.S. government agencies | | $ | — | | $ | — | | — | | $ | 6,115 | | $ | 885 | | 2 | Residential mortgage-backed agencies | | | 1,974 | | | 18 | | 1 | | | 18,222 | | | 4,407 | | 3 | Commercial mortgage-backed agencies | | | 1,688 | | | 59 | | 1 | | | 26,946 | | | 8,512 | | 8 | Collateralized mortgage obligations | | | 2,892 | | | 50 | | 1 | | | 14,834 | | | 3,293 | | 9 | Obligations of states and political subdivisions | | | 1,224 | | | 18 | | 2 | | | 3,742 | | | 306 | | 3 | Corporate Bonds | | | — | | | — | | — | | | 896 | | | 104 | | 1 | Collateralized debt obligations | | | — | | | — | | — | | | 14,718 | | | 3,968 | | 9 | Total available for sale | | $ | 7,778 | | $ | 145 | | 5 | | $ | 85,473 | | $ | 21,475 | | 35 | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | (in thousands) | | Fair
Value | | Unrecognized
Losses | | Number of
Investments | | Fair
Value | | Unrecognized
Losses | | Number of
Investments | December 31, 2024 | | | | | | | | | | | | | | | | | Held to Maturity: | | | | | | | | | | | | | | | | | U.S. government agencies | | $ | — | | $ | — | | — | | $ | 57,109 | | $ | 11,192 | | 9 | Residential mortgage-backed agencies | | | 8,291 | | | 132 | | 5 | | | 20,243 | | | 3,429 | | 35 | Commercial mortgage-backed agencies | | | — | | | — | | — | | | 15,340 | | | 5,794 | | 2 | Collateralized mortgage obligations | | | — | | | — | | — | | | 39,715 | | | 9,724 | | 8 | Obligations of states and political subdivisions | | | — | | | — | | — | | | 2,179 | | | 703 | | 1 | Total held to maturity | | $ | 8,291 | | $ | 132 | | 5 | | $ | 134,586 | | $ | 30,842 | | 55 |
|
| Amortized Cost and Fair Values Classified by Contractual Maturity Date |
| | | | | | | | | | | | | | (in thousands) | | Amortized
Cost | | Fair
Value | Contractual Maturity | | | | | | | Available for sale: | | | | | | | Due after one year through five years | | $ | 250 | | $ | 250 | Due after five years through ten years | | | 16,680 | | | 14,751 | Due after ten years | | | 13,429 | | | 11,830 | | | | 30,359 | | | 26,831 | Residential mortgage-backed agencies | | | 25,891 | | | 22,855 | Commercial mortgage-backed agencies | | | 37,805 | | | 30,068 | Collateralized mortgage obligations | | | 29,795 | | | 27,390 | Total available for sale | | $ | 123,850 | | $ | 107,144 | Held to Maturity: | | | | | | | Due after one year through five years | | $ | 17,050 | | $ | 16,640 | Due after five years through ten years | | | 45,393 | | | 40,147 | Due after ten years | | | 10,542 | | | 8,196 | | | | 72,985 | | | 64,983 | Residential mortgage-backed agencies | | | 32,084 | | | 29,748 | Commercial mortgage-backed agencies | | | 20,947 | | | 15,767 | Collateralized mortgage obligations | | | 45,447 | | | 38,391 | Total held to maturity | | $ | 171,463 | | $ | 148,889 | | | | | | | |
|